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175 Atlantic Avenue, Daytona Beach, FL

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175 Atlantic Avenue

Daytona Beach, FL 32118 - Coastal Daytona Beach Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1967
Building Size:5,238 SF Land Area:.33 AC (14,401 SF)
For Sale Price:$1,800,000 Price/SF:$343.64
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2.86/1,000 SF
Features:Pylon Sign



Sale Notes:
Description
The offering is a 5,236 SF free standing retail building, directly across Ocean Ave from the Beach. This building is currently owner-occupied, however Seller will vacate immediately upon sale. The building is in the path of redevelopment, with the new Daytona Beach Hotel and Convention Center hotel under construction just a 1/2 mile north, as well as the Hard Rock Hotel Daytona Beach to the south.
The location is in the heart of the beachside tourist district. It is one block south of Main Street(epicenter of many events including Bike Week), and the home of the Daytona Beach Pier. Joe's Crab Shack, one of the pier tenants reported gross 2015 sales of $11mm+. Adjacent neighbors include hotels, condos, Starbucks, and other restaurants. This is a very strong retail location.

SVN Alliance Commercial Real Estate Advisors
Tim Davis




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